Atomberg Technologies has taken a significant step by filing for an initial public offering. This IPO aims to generate capital through a new share issue while allowing existing investors to offload shares as well. The funds raised are earmarked for paying off debts and enhancing brand presence, coinciding with India's growing focus on energy-efficient appliances.

Atomberg will use Rs 150 crore for marketing, Rs 100 crore for research and development and Rs 90 crore to repay borrowings. It may also raise up to Rs 90 crore in a pre-IPO…

Atomberg Technologies files draft IPO papers with a Rs 450 crore fresh issue and offer for sale as India's consumer appliance market continues to expand